News
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Oct- 2020 -6 October
Watches of Switzerland raises guidance as sales surge
Watches of Switzerland has announced that revenue for the first 10 weeks of Q2 has been “stronger than expected” at £202.7m, up 20.2% in constant currency and 18.3% in reported terms against the prior year. The group also reported sales to date of £145.1m, up by 12.6% against the prior…
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5 October
Hatton Garden burglar ordered to pay back nearly £6m
The final member of the Hatton Garden burglary gang to be jailed has now been ordered to pay back nearly £6m by the Met Police, or serve an extra seven years in jail. Michael Seed was sentenced to ten years’ imprisonment in March 2019 after being found guilty of conspiracy…
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5 October
De Beers launches ReSet initiative
De Beers Group has announced the launch of Reset, a new initiative by the diamond company to engage in conversations with jewellery designers around sustainability and to promote the positive impact of natural diamonds. The ReSet Collection launches today (5 October) and is a collaboration with five leading US designers,…
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2 October
Demand for yellow gold jewellery ‘resilient’, says NAJ
UK retailers are seeing growing demand for yellow gold jewellery, according to the NAJ’s retail ambassador Helen Dimmick. According to the association, gold prices since the start of lockdown have “driven sentiment that the yellow metal has lasting value and pushed customers increasingly to seek repairs and remodelling of their…
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2 October
TJA-Connect launch virtual trade show for Christmas
The Jewellery App-Connect (TJA-Connect) has launched a virtual trade show to help retailers and traders in time for Christmas. The TJA-Connect is adding the virtual trade show to their business-to-business directory ahead of the holiday to ‘‘to give the trade a helping hand, virtually in time for Christmas’’. The online…
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1 October
Alkemistry to have Kumachi event at London Craft Week
Alkemistry has revealed it will have a presence at London Craft Week, with an event promoting their Kumachi bracelet. The brand is hosting a workshop at its jewellery store which will allow customers to learn about how to make their own Kumachi bracelets. The Kumachi bracelet, which was created during…
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1 October
Diamond auction set to break three world records
Sotheby’s Hong Kong is set to hold an “unprecedented” online auction of a 102.39 carat D Flawless oval diamond on 5 October. According to 77 Diamonds, the piece is expected to sell for tens of millions of dollars, without reserve, selling to the highest bidder irrespective of the price offered.…
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Sep- 2020 -30 September
September NAJ Live brings ‘positivity’ to industry
The latest NAJ Live event has provided participants with a sense of “positivity and collaboration”, according to the association. The ‘Rockin’ Out’ event, which took place last week, featured talks from Gemmology Rocks founder Kerry Gregory and Maiko Eaton from Green Rocks. It marks the third NAJ Live to take…
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30 September
LVMH files countersuit against Tiffany & Co
LVMH has filed a countersuit against Tiffany & Co in the ongoing legal battle between the two companies. This follows Tiffany’s legal action against LVMH, after the Louis Vuitton owner pulled out of a merger deal citing ‘‘recent developments’’, including a request from the French Foregin Ministry to delay proceedings…
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29 September
The Alkemistry launches Cinta collection
The Alkemistry has launched Cinta, a colourful bead collection which is inspired by mindfulness and manifestation. The London-based jewellery brand’s new collection is made from gemstones and silk and is described as ‘‘the modern woman’s rosary’’. Split into three sections with 18ct gold discs, pieces from the Cinta collection are…
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